freenet (FRA:FNTN) has been assigned a €26.50 ($32.72) price objective by equities researchers at Independent Research in a research note issued on Monday. The brokerage presently has a “neutral” rating on the stock. Independent Research’s target price indicates a potential upside of 8.83% from the company’s current price.
Other equities research analysts have also issued research reports about the stock. Oddo Bhf set a €27.00 ($33.33) price objective on shares of freenet and gave the stock a “neutral” rating in a research note on Friday, March 2nd. Hauck & Aufhaeuser set a €38.50 ($47.53) price objective on shares of freenet and gave the stock a “buy” rating in a research note on Friday, December 1st. Warburg Research set a €35.00 ($43.21) price objective on shares of freenet and gave the stock a “buy” rating in a research note on Friday, February 16th. Bankhaus Lampe set a €26.00 ($32.10) price objective on shares of freenet and gave the stock a “neutral” rating in a research note on Friday, March 16th. Finally, Deutsche Bank set a €30.00 ($37.04) price objective on shares of freenet and gave the stock a “neutral” rating in a research note on Friday, March 2nd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of €28.36 ($35.01).
Shares of freenet (FRA:FNTN) traded down €0.19 ($0.23) during mid-day trading on Monday, hitting €24.35 ($30.06). 215,506 shares of the stock traded hands. freenet has a twelve month low of €3.22 ($3.98) and a twelve month high of €32.92 ($40.64). The company has a market capitalization of $3,210.00 and a PE ratio of 9.74.
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freenet AG provides network-independent telecommunication services focusing on mobile communications, mobile Internet, TV and media, and digital lifestyle applications in Germany. It provides a portfolio of services and products primarily in the area of mobile voice and data services. The company offers its postpaid and prepaid services under the mobilcom-debitel brand, as well as no-frills services under the klarmobil, freenetMobile, callMobile, and debitel light brands.
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